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The price of gold per tola in Pakistan has jumped by Rs 2,000, reaching an all-time high of Rs 350,000.
According to the All Pakistan Gems and Jewelers Association, this rise in gold price on Thursday [April 17] marks the third straight day of rising gold prices in local markets.
The price of 10 grams of gold also surged, increasing by Rs 1,715 today. It is now being sold for Rs 300,030.
The association stated that gold prices in the international market have also climbed. A $19 increase has pushed global rates to $3,329 per ounce.
READ: Gold prices in Pakistan hit historic high
Yesterday, the price of gold in Pakistan spiked by Rs 8,600 per tola, indicating continued pressure on the precious metals market.
Experts say the rise is fueled by a mix of global economic uncertainty, inflation fears, and a weak rupee in the local exchange.
In such conditions, investors often turn to gold as a safe-haven asset, driving up its demand and price both locally and globally.
Jewelry traders in Karachi’s Saddar and Lahore’s Liberty Market report a decline in customer activity due to the rising price of gold.
